You must be eager to know about the extraordinary new digital currency which had been the dream of many since long and has found its new incarnation in bitcoin. Each bitcoin can be divided into 100 million small units which have been named Satoshis after the name of that strange person who after preparing the specification of the software and setting the currency in motion disappeared from the scenario. His name is Satoshi Nakamoto. The first thing that you would like to do with your new currency is to get and store the currency so that you can use it. Online bitcoin wallet is the software for storing your bitcoin digitally and the software can be used in your laptop, desk computer or in your mobile hand set. For availing the online bitcoin wallet register with a bitcoin exchange who will host your wallet.

Bitcoin wallet is actually a part of the bitcoin network. The network which runs on the basis of consensus among the user developers receives stores and sends your bitcoins. The addresses can be created by you just by a click of computer which looks like a jumble of numbers which you have to copy and paste in the specific field. You can send and receive bitcoins to the addresses of the person’s wallet. The online bitcoin wallet will occupy about 8 to 9 gigabytes of your computer hence equip your computer in that way. Once you install the bitcoin wallet in your computer, the computer system will take one day to synchronize with the network.